Dow, S&P 500 surge to record highs

4:20 PM,
Jul. 11, 2013

Written by

Adam Shell and Kim Hjelmgaard
USA TODAY

Benchmark stock indexes soared to record highs Thursday, a day after Federal Reserve Chief Ben Bernanke promised to keep "easy money" policies in place as long as needed.

The Dow Jones industrial average rocketed 169 points, or 1.1%, to 15,461, according to preliminary calculations, surging past its all-time closing high of 15,409.39 set May 28.

The Standard & Poor's 500 index soared 22 points to 1,675, a 1.4% jump that put it above it's all-time closing high of 1,669.16 set on May 21. The index is up almost 147% since the bull market began, making it the fifth-best bull market of all time, ...